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Ryan D. Werner, SVP, CAO of Riot Platforms, Inc. (NASDAQ:RIOT), a $4.38 billion market cap company, sold 3,747 shares of common stock on July 7, 2025, at $11.88, for a total transaction value of $44,514. The stock, which has gained nearly 20% year-to-date and shows a high beta of 4.58, currently trades at $12.24. InvestingPro analysis reveals significant price volatility, with 13 additional key insights available to subscribers.
The sale was executed under a Rule 10b5-1 trading plan adopted on December 13, 2024. Following the transaction, Werner directly owns 837,759 shares of Riot Platforms. For comprehensive insider trading analysis and detailed financial metrics, access the full InvestingPro Research Report, available for over 1,400 US stocks.
In other recent news, Riot Platforms reported the production of 450 bitcoins in June 2025, marking a 12% decrease from the previous month but a significant 76% increase from June 2024. The company sold 397 bitcoins in June, generating $41.7 million in net proceeds. Riot maintained its deployed hash rate at 35.5 EH/s, and its operations benefited from $5.6 million in total power credits, which helped offset power costs. In terms of strategic developments, Riot Platforms appointed Jonathan Gibbs as Chief Data Center Officer to lead the company’s new data center platform, aiming to diversify revenue streams beyond Bitcoin mining. This appointment aligns with Riot’s goal to enter the high-demand digital infrastructure market. Analyst firm Needham raised its price target for Riot Platforms to $15, citing the attractiveness of Riot’s Corsicana site. Meanwhile, Northland reiterated its Outperform rating for Riot Platforms, maintaining a price target of $15. These developments reflect Riot Platforms’ strategic moves to enhance its market position and expand its operational capabilities.
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